843 people were dead or missing during 246 deadly disasters this year, causing a direct economic loss of 3.344 billion yuan.

The number of geological disasters in China in the first half of the year is nearly ten-fold more than that in the same period of last year, the state-run Xinhua News Agency said, citing an official.

»Bank of Communication, China’s fifth-largest lender by assets, said Wednesday its first-half net profit rose 30.08 percent from a year earlier to 20.36 billion yuan.

»Capital adequacy ratio and core capital adequacy ratio stood at 12.17 percent and 8.94 percent, a gain of 0.17 percentage points and 0.79 percentage points respectively.

The economies in the OECD region have expanded slightly by 0.7 percent in the June quarter from the previous quarter, the same rate as the first three months this year.

The economies in the OECD region, comprising mostly developed nations, have expanded 0.7 percent in the second quarter this year on a quarterly basis, the same rate as in the previous quarter, the grouping said in a statement Wednesday.

South Korea and the United States will stage large-scale joint antisubmarine drills in the Yellow Sea early next month, the two allies said Wednesday in a joint statement.

The Souh Korean and U.S. defense ministries jointly announced on Wednesday they will stage a large-scale joint naval exercise in the Yellow Sea early next month, Xinhua said.

»China Merchants Bank, the country’s sixth-largest lender by assets, said Wednesday its first-half net profit rose 60 percent year-on-year to 13.20 billion yuan due to strong growth in both interest and fee-based income.

»Capital Adequacy Ratio stood at 11.6 percent, up 1.15 percentage points from the end-2009 while core adequacy ratio rose 1.42 percent to 8.5 percent, the company said.

The volume of China’s solar photo-thermal market will reach 22.5 – 30 trillion yuan by 2020.

The volume of China’s solar photo-thermal market will reach 22.5 – 30 trillion yuan by 2020, generating 30 percent to 40 percent of the total electricity, Caijing learned.

China Everbright Bank soared on its Shanghai stock market debut Wednesday in the mainland’s second-largest initial public offering that hopes to raise 18.9 billion yuan.

China Everbright Bank soared on its Shanghai stock market debut Wednesday in the mainland’s second-largest initial public offering that hopes to raise 18.9 billion yuan.

China’s leading steelmaker Angang Steel Co., (000898.SZ/00347.HK) said Tuesday its net profit for the first half year rose 275.94 percent to 2.75 billion yuan from a year earlier

China’s leading steelmaker Angang Steel Co., (000898.SZ/00347.HK) said Tuesday its net profit for the first half year rose 275.94 percent to 2.75 billion yuan from a year earlier.

Operational revenue covering January ~ June period was around 44.04 billion yuan, up 46.59 percent. Earnings per share stood at 0.38 yuan.

The initial public offering of GM, has generated tremendous excitement on Wall Street, one year after the U.S. manufacture filed for bankruptcy.

The initial public offering of GM, has generated tremendous excitement on Wall Street, one year after the U.S. manufacture filed for bankruptcy.

Wall Street banks including big names such as Gloman Sachs, JPMorgan Chase and Morgan Stanley have lined up to sell its IPO shares with low underwriting fees.

»BMW China will recall imported BMW 5 series GT cars from Friday, due to problems with the fuel tank that can cause stalling, China’s General Administration of Quality Supervision, Inspection and Quarantine said on Tuesday.

»The revolved cars were produced between January 12 and June 30 this year.